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How To Make Money With Your Hobby
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Americans of all ages can find themselves needing some extra money. During the college years, the more money students make, the faster they can repay their student loans. The situation in the workforce isn't promising - 65% of working Americans are not happy with their salaries.  There are also signs that those who are nearing their retirement right now are in more financial trouble than they thought. Money troubles don't pick an age.

One of the ways you can earn some extra cash without getting a second or a third job is to try and monetize your hobbies. The activities you usually do without expecting a return can also become a significant source of income, and in some cases, might present new career opportunities.

Before Getting Started

The first thing you'll need is - a hobby. And almost any hobby would do. You are looking for one of three things in your hobby - it should involve creating marketable products, using marketable skills, or something that a lot of people also like doing. These three things will be used as the basis for your hobby money making.

You won't need a lot of startup money, as the whole idea is to start making money with as little investment as possible. You will, however, need to set aside some time to develop your new venture. You might also want to look into web hosting services early, as some of the ways to make money off of your hobby rely on you having your own website.

Selling Your Products

Some hobbies produce tangible goods you can sell. If you like baking cookies, you can start your own baking business. If you're into carpentry, you can create and sell furniture. If you have a knack for design and the arts, you can sell your paintings, jewelry, lamps, or whatever else you're making.

The important thing to remember is that you have control over how much time, effort, and money you want to invest into creating and selling your products. And, if you're struggling to find a market, the Internet will help. Etsy is a well-established website that allows you to sell your crafts. You can use Amazon to sell your merchandise. There are websites where you can sell your photos. You can open a store on Facebook, or simply use social media to drive traffic to your own website that you use as an online storefront.

Doing Gigs

Let's say you're a person who likes reading and you have an eye for spotting grammar mistakes and bad writing. You don't have the time or the skills to write your own book, so you can't create a marketable product. Can you still make money off of your love of reading and grammar?

Of course you can. You can sell your services as an editor and proofreader. Or, you can be a writer for hire, or a designer for hire. If you have a nice voice, you can even do voice over for videos. There are plenty of things you're good at that people would pay for, and there are also places where you can meet your prospective customers. Websites like Upwork and PeoplePerHour allow you to easily enter into the world of freelancing and find people who need your skills. If you want to take a bigger leap, you can create your own website and use it to attract customers.

Teaching Others to Do What You Do

If your hobby is something people would want to learn how to do, you should think about teaching them. It works for anything from baking and playing the piano, to photography and web design.

There are a couple of ways you can make money by teaching other people how to do what you do. You can run workshops, either online, in your home, or in a rented space. You can become a tutor and work one-on-one with clients, either online or offline. You can also create courses you can sell, either through you own website or through one of the many platforms designed for that.

Blogging about Your Hobby

Starting a blog is easy, but creating a good one requires some work. You have to learn how to write blog posts, how to optimize them, and knowing a thing or two about how to promote your blog wouldn't hurt either.

But it pays off, as there are a number of ways to monetize a blog. No matter what your passion or hobby is, you can write about it. When you create an audience, you can use the blog to sell your training courses or products, or join an affiliate marketing scheme and sell other business' products, or offer consulting services, or simply get revenue from ads. It might take you a bit longer to get to the point when you can start making money, but with some hard work and a bit of luck, it can be worth it.

Latest Activity: Jul 14, 2017 at 11:20 AM

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